|
|
 |
HOA Finances: Tips for Handling Your Reserve Account
March 2010
Are you putting enough money aside to pay to replace or repair your HOA's buildings and amenities? Is it possible your condo or homeowner association is putting too much aside? Does the HOA board know how reserves are supposed to be used? This article provides tips on how much to save and how to properly use association reserve accounts. . . . keep reading
|
What Financial Information Must Your Association Disclose to Prospective Homeowners?
December 2009
One of your members has put her unit up for sale. She gets an offer and accepts it. You then get a request for all kinds of home owners association records from the buyer. What's your response? What must your association provide when prospective homeowners ask for your association's governing documents? What about your financial documents and minutes? What if the buyer asks the number of delinquent owners and the amount of the delinquencies? The answer to those questions depends on your state's law and your internal practices. Some states have rules requiring associations to provide extensive detail to potential buyers. Others are silent on the issue. Here's an overview. . . . keep reading
|
HOA Reserves: Put Your Homeowners Association Reserves to Work--Safely
August 2008
You've managed your homeowner association well, and you're proud to have substantial HOA reserves. Now you'd like to put those reserves to work so that you strengthen your association's financial footing even further. Can you even do that? If so, what investments are appropriate? And what are your duties and risks as an HOA leader? . . . keep reading
|
Definition: Reserve Accounts
Reserve accounts (also referred to as "reserve funds" or simply "reserves") are funds set aside by the homeowner association to pay for the replacement or repair of community property. Reserves are in . . . keep reading
|
|
|
|
|
 |
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
Here's what our readers are saying ...
"We really appreciate your publication. It's as if you had a spy at our meetings and over hear our gripes :). Keep up the good work."
Cynthia Ramnarace
Palmer's Landing HOA
"This is a great service."
Mark R. Benson
CAM, CMCA, AMS, PCAM
Past Chairman of the Florida Community Association Living Study Council
Past Member of the Regulatory Council of Community Association Managers
Past Vice-Chairman of the Advisory Council on Condominiums County Court Mediator
"I am a newly elect President of a small (10 units) HOA / Condo, and I am learning the business almost from scratch ... Thanks for your very valuable information."
Volodymyr (Vlad) Boryshpolov
1102 Avenue X HOA
"Thanks for all your great HOA tips! I am a new Board Secretary—your site is truly worth signing up for!"
Kathie Norris
Whispering Pines West HOA
| | |
|
|
Free Newsletter
Communications